Federal National Mortgage Association (FNMA)
Market Cap | 1.59B |
Revenue (ttm) | 30.30B |
Net Income (ttm) | 17.41B |
Shares Out | 1.16B |
EPS (ttm) | 0.63 |
PE Ratio | 2.18 |
Forward PE | 0.56 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 414,162 |
Open | 1.310 |
Previous Close | 1.320 |
Day's Range | 1.300 - 1.380 |
52-Week Range | 0.420 - 1.990 |
Beta | 1.37 |
Analysts | Buy |
Price Target | 2.00 (+45.35%) |
Earnings Date | May 1, 2020 |
About FNMA
Federal National Mortgage Association provides financing solutions for mortgages in the United States. It operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S. Department o... [Read more]
Financial Performance
In 2023, FNMA's revenue was $30.30 billion, a decrease of -1.38% compared to the previous year's $30.72 billion. Earnings were $17.41 billion, an increase of 34.71%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for FNMA stock is "Buy" and the 12-month stock price forecast is $2.0.
News
Fannie Mae Priced $509.1 Million Multifamily DUS REMIC (FNA 2024-M4) Under Its GeMS Program
WASHINGTON , April 18, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced a $509.1 million Multifamily DUS® REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS™) program on...
Home Prices Moved Up Another 1.7% to Start the Year
Latest FNM-HPI Reading Showed Year-over-Year Increase of 7.4 Percent in Q1 2024 WASHINGTON , April 17, 2024 /PRNewswire/ -- Single-family home prices increased 7.4 percent from Q1 2023 to Q1 2024, up ...
Fannie Mae Announces Sale of Reperforming Loans
WASHINGTON , April 16, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today began marketing its most recent sale of reperforming loans as part of the company's ongoing effort to reduce the size of its ...
Fannie Mae Prices $628 Million Connecticut Avenue Securities (CAS) REMIC Deal
WASHINGTON , April 11, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2024-R03, an approximately $628 million note offering that represents Fannie Mae...
Fannie Mae Announces Sale of Non-Performing Loans
NPL 2024-2 Includes the Company's Twenty-Fourth Community Impact Pool Offering WASHINGTON , April 9, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced its latest sale of non-performing loa...
Households May Finally Be Adjusting to Higher Mortgage Rates
Survey Shows Greater Optimism Toward Homebuying and Home-Selling Conditions, Even as Pessimism Toward Rates Jumps WASHINGTON , April 8, 2024 The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index...
Fannie Mae Executes Two Credit Insurance Risk Transfer Transactions on $22.0 Billion of Single-Family Loans
WASHINGTON , April 4, 2024 /PRNewswire/ -- Fannie Mae (FNMA/OTC) announced today that it has executed two new Credit Insurance Risk Transfer™ (CIRT™) transactions. Together, CIRT 2024-L2 and CIRT 2024...
Fannie Mae Releases February 2024 Monthly Summary
WASHINGTON, March 27, 2024 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) February 2024 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae's monthly and ye...
Fannie Mae Receives 2024 ENERGY STAR Partner of the Year Award for Sustained Excellence
Fannie Mae Recognized for Positive Impact in Green Financing WASHINGTON , March 26, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced it has received the 2024 ENERGY STAR Partner of the Ye...
Fannie Mae Announces Winner of Twenty-Third Community Impact Pool of Non-Performing Loans
WASHINGTON , March 26, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the winning bidder for its twenty-third Community Impact Pool (CIP) of non-performing loans. The transaction is exp...
Mortgage rates to stay above 6% through 2025, Fannie Mae says
Fannie Mae now says mortgage rates will stay above 6% through 2025, after predicting last month that the average 30-year fixed mortgage would drop below 6% by the end of this year.
Higher Mortgage Rate Forecast Leads to Decline in 2024 Home Sales Expectations
Recent Inflation Data Likely to Keep Mortgage Rates 'Higher for Longer' than Previously Forecast WASHINGTON , March 19, 2024 /PRNewswire/ -- The increase in mortgage rates in February has driven a mod...
Fannie Mae Announces Winner of its Latest Non-Performing Loan Sale
WASHINGTON, March 12, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its twenty-third non-performing loan sale transaction. The deal, announced on February 8, 2024, inclu...
Fannie Mae Prices $751 Million Connecticut Avenue Securities (CAS) REMIC Deal
WASHINGTON , March 7, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) priced Connecticut Avenue Securities® (CAS) Series 2024-R02, an approximately $751 million note offering that represents Fannie Mae'...
Home-Selling Sentiment Moves Higher Ahead of Spring Homebuying Season
HPSI Inches Upward Again, Now at Highest Level in Nearly 2 Years WASHINGTON , March 7, 2024 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) increased 2.1 points in F...
Fannie Mae Provides Day 1 Certainty; New Enhancement Further Streamlines Mortgage Origination Process for Lenders and Homebuyers
New Capability Automates One-Step Validation of Borrower Assets, Income, and Employment with a 12-Month Asset Report and Provides Additional Benefits to Support Access to Credit WASHINGTON , March 6, ...
Cenlar Recognized by Fannie Mae as a STAR Performer in Solutions Delivery
WASHINGTON & EWING, N.J.--(BUSINESS WIRE)--Cenlar FSB was recognized by Fannie Mae as a STAR Performer in the Solutions Delivery category. The award is part of Fannie Mae's Servicer Total Achievement ...
Fannie Mae Executes First Credit Insurance Risk Transfer Transaction of 2024 on $9.0 Billion of Single-Family Loans
WASHINGTON , March 1, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) announced today that it has executed its first Credit Insurance Risk Transfer™ (CIRT™) transaction of 2024. CIRT 2024-L1 transferred...
Fannie Mae Releases January 2024 Monthly Summary
WASHINGTON , Feb. 29, 2024 /PRNewswire/ -- Fannie Mae's (OTCQB: FNMA) January 2024 Monthly Summary is now available. The monthly summary report contains information about Fannie Mae's monthly and yea...
Expert Panel Upgrades Home Price Growth Outlook, Cites Supply Constraints and Lower Mortgage Rates
Panel of 100-Plus Experts Expects Mortgage Rates to End 2024 at Median of 6 Percent WASHINGTON , Feb. 29, 2024 /PRNewswire/ -- A panel of housing experts expects annual national home price growth of 3...
Newrez Sweeps 2023 STAR Awards from Fannie Mae
FORT WASHINGTON, Pa.--(BUSINESS WIRE)--Newrez LLC (“Newrez”), a leading nationwide mortgage lender and servicer, is proud to announce it has won three prestigious Fannie Mae STAR Awards for 2023 – Gen...
Housing Activity Expected to Pick Up in 2024 as Rates Move Lower
Economic Growth Still Predicted to Soften as the Labor Market Shows Signs of Cooling WASHINGTON , Feb. 23, 2024 /PRNewswire/ -- Existing home sales and new single-family housing starts are expected to...
Fannie Mae Appoints Peter Akwaboah as Chief Operating Officer
Akwaboah Brings Nearly Three Decades of Experience from Across the Financial Services Industry WASHINGTON , Feb. 22, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced Peter Akwaboah has be...
ServiceMac Recognized by Fannie Mae as a 2023 STAR Performer Award Winner
FORT MILL, S.C.--(BUSINESS WIRE)--ServiceMac, an innovative mortgage subservicer and a member of the First American family of companies, today announced the company has been honored as a Fannie Mae 20...
Fannie Mae Reports Net Income of $17.4 billion for 2023 and $3.9 Billion for Fourth Quarter 2023
WASHINGTON , Feb. 15, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today reported its fourth quarter and full-year 2023 financial results and filed its 2023 Form 10-K with the Securities and Exchange...